Mumbai: The country’s leading automaker Mahindra (Mahindra) announced that it will launch a full electric version of the XUV300 (XUV300) SUV in India in the first quarter of 2023. Also, the domestic auto maker has said that it will reveal its complete EV strategy in the near future. The Mahindra XUV300 electric SUV will come as one of the flagship products from the domestic automaker major.
Home-grown automaker Mahindra & Mahindra (M&M) on Monday said it is planning to launch the fully electric version of its XUV 300 SUV in the market in the first quarter of next year.
For the time being, if you tell the rest of the details along with the possible look and features of the eXUV300, then this desi electric SUV will be based on Mahindra Electric Scalable and Modular Architecture (MESMA), which will be strong as well as comfortable. The best cars on this platform can give a range of up to 500 kms. Mahindra XUV300 Electric will look very similar to its fossil fuel model.
However, it will see some cosmetic changes, which are typical of electric cars. After that the rest of the features will be plentiful in this car. Talking about the battery range, it can be launched in two types of battery pack and range option. The battery range of the XUV300 Electric can be up to 250-300 kms on a single charge.
The company also announced that it will unveil its electric vehicle business strategy, ‘Born Electric Vision’ of EV concept in August this year.
The Mumbai-headquartered company has recently partnered with Volkswagen to explore the use of the latter’s modular electric drive matrix (MEB) components that can be used in its electric cars.
MEB electric platform and its components allow car manufacturers to build their portfolio of electrified vehicles, quickly and cost-effectively.
“We will be launching the electric version of XUV 300, which we hope to have in the first quarter of the next calendar year,” M&M executive Director Rajesh Jejurikar said at a media conference on Monday.
He said that though it is called the electric version of XUV 300, it is a 4.2 meter in length vehicle and not sub-4 meter.
Jejurikar said the company is going to reveal the ‘Born Electric Vision’ in the UK on August 15.
Jejurikar said the recently launched XUV 700 has seen only 10-12 per cent cancellations despite a waiting period of 18-24 months.
”XUV 700 has been a huge success and even with the kind of period we have now, which is 18-24 months and despite producing 5,000 vehicles a month, we are getting bookings of more than 9,000-10,000 units every month,” he said.
He, however, said that as the company ramps up the capacity with semiconductors supplies expected to improve further, the wait period will come down.
Mahindra & Mahindra on Saturday reported nearly five-fold jump in standalone profit at Rs 1,192 crore for quarter ended March 31, 2022.
The company had posted a profit of Rs 245 crore in the year-ago period, it said.
Revenue grew 28 per cent to Rs 17,124 crore in the period under review as compared to Rs 13,356 crore in March quarter 2020-21, it added.